WARNING: THIS REVIEW MAY CONTAIN SPOILERS. THIS IS A MOVIE
THAT’S HARD FOR ME TO TALK ABOUT WITHOUT GIVING CERTAIN THINGS AWAY, SO READ AT
YOUR OWN PERIL.
Definition of Arbitrage:
1. The nearly simultaneous purchase and sale of securities
or foreign exchange in different markets in order to profit from price
discrepancies.
2. The purchase of the stock of a takeover target especially
with a view to selling it profitably to the raider.
“Arbitrage” looks like your average thriller which is better
suited to the usual made for TV movie on network television or the Lifetime
Channel. However, it turns out to be a brilliant thriller as it takes a
seemingly simple story and spins it into a complex one filled with characters
that seem easy to figure out but prove to be anything but. Just when you think
this will be a film about what’s right and wrong, it becomes one in which
everyone finds their moral values permanently compromised no matter how good
their intentions are.
Richard Gere stars as Robert Miller, a hedge fund magnate
whose every inch of his being oozes success like it’s supposed to. Robert looks
to have all the money he ever needs, a loving family, a loyal wife, grandkids
and the whole nine yards. We soon find, however, that he is deeply immersed in fraudulent
practices that could tear his whole empire down if exposed. Robert’s only
salvation is to sell off his trading empire to a major bank before his wall
street crimes are revealed so that he may pay off all his debts for good.
But things get seriously complicated for Robert when he is
driving to upstate New York with his mistress Julie (Laetitia Casta) and their
car flips over on the road. The crash ends up killing Julie and leaving Robert
in a serious predicament as he cannot report what happened to the police. If he
does it will seriously delay the sale of his company which could put him and
his family on the brink of financial disaster. The walls continue to close in
when NYPD Detective Michael Bryer (Tim Roth) is assigned to the case and finds
circumstantial evidence which implicates Robert in Julie’s death. The question is
how much longer he can keep up this moral duplicity before it undoes him
permanently.
“Arbitrage” marks the directorial debut of writer Nicholas
Jarecki whose work is said to deal with larger than life characters and morally
ambiguous themes of industry, power, and corruption. What I loved about his
direction here was how naturalistic everything seemed, be it the acting or the
setting. No one in the cast overdoes their performance which makes for a more invigorating
cinematic experience.
Jarecki also gives us some brilliantly conceived characters that
appear to represent right and wrong very clearly, but as the story goes on we
find that all of them are not immune to moral compromises. Even the police
detective who represents the working class American who is sick of being
screwed over by the rich proves he is not above bending the rules to get a
conviction. All this time Julie becomes less of a human being and more of a
bargaining chip for everybody involved.
I was listening to an interview with Richard Gere and NPR’s
Audie Cornish who remarked how she’s always rooting for the actor no matter
what character he plays. Whether he’s playing a slick defense attorney who lives
for self-promotion in “Primal Fear” or as a seriously corrupt cop in “Internal
Affairs,” Gere comes across as strangely likable even when his characters are
jerks to say the least. His role as Robert Miller is further proof of that as
he portrays the kind of person we love to hate in these endlessly difficult
economic times.
Robert is at his heart a slick manipulator and a liar; he
deceives his children, cheats on his wife, he is knowingly committing fraud,
and he is not about to accept any responsibility for his mistress’ death.
Throughout “Arbitrage’s” running time, Gere is riveting as he tries to stay one
step ahead of the law and we find ourselves rooting for him to do so. We should
despise this man and his morally duplicitous ways, but you have to admit that
Robert is a very smart guy who has managed to stay afloat despite some bad decisions.
Although his New York accent sounds a little weird, Tim Roth
is also excellent as NYPD detective who becomes bent on taking Robert down. His
character of Michael Bryer is on the side of law and justice, but he proves to
be as ruthless as Robert while he pursues witnesses relentlessly and has no
problem threatening their livelihoods in order to get a conviction.
Nate Parker plays Jimmy Grant; a family friend of Robert’s
who helps him out of and then finds himself in the middle of his problems. Jimmy
is a familiar character in that he is caught between doing the right thing and
keeping his mouth shut and we see so many of them in movies. But Parker does
great work in conveying Jimmy’s inner turmoil to where this character seems
like anything but a cliché, and he makes you feel what it’s like to walk in his
shoes.
Brit Marling is wonderful as Robert’s daughter and
heir-apparent Brooke, and seeing her transition from loyal daughter to one whose
trust is forever shattered is heartbreaking. Her scene with Gere will remind
those of us who have been put into impossible situations we cannot easily extricate
ourselves from, and that look on her face is one that never goes away.
But it’s Susan Sarandon who almost steals the show as Robert’s
wife Ellen, and she reminds us what a powerhouse of an actress she can be.
Sarandon portrays Ellen as loyal almost to a fault, but she reveals
vulnerabilities throughout which indicate she knows more about what’s going on
than Robert realizes. Sarandon’s final confrontation with Gere is a knockout as
she comes up with an extra strategy that’s as brilliant as the one Katie Holmes
pulled on Tom Cruise.
In addition there’s also a wealth of beautiful
cinematography by Yorick Le Saux and a music score by Cliff Martinez which fits
this material like a glove.
I was stunned at how much I liked “Arbitrage,” and it really
is one of the best movies I’ve seen so far this year. It’s the kind of film
that you can’t quite prepare yourself for how good it will be because it came cloaked
in trailers and advertisements that make it look ho-hum. Jarecki however gives
us a film that is anything but average, and I thank him for that.
* * * * out of * * * *
